CMS gives Maryland green light for reinsurance program

The Centers for Medicare & Medicaid Services (CMS) approved a 1332 State Innovation Waiver on Wednesday that will allow Maryland to establish a reinsurance program.

The state expects the program to decrease 2019 individual market premiums by 30% and to increase enrollment by 6%. It will also help 250,000 Marylanders maintain their coverage, according to Maryland House of Delegates Speaker Michael Busch.

Maryland’s reinsurance program will be the largest in the nation yet.

https://governor.maryland.gov/2018/08/22/governor-larry-hogan-presiding-officers-announce-federal-approval-of-maryland-reinsurance-waiver/

Source: https://www.fiercehealthcare.com/payer/payer-roundup-americans-think-u-s-behind-other-nations-healthcare-cms-approves-maryland?mkt_tok=eyJpIjoiTWpVNVptUXlabU15WXpNNCIsInQiOiJUamhDK3VwcXNpQ1NXMklwMmN3SzUyM2o0SHNuQzBhR0VQYVFkOHVhREFsanFFZnR5ZUVmRzd3aDd3M1B0K3NuaFpLaDRrWmR1endDWXVQSFh2QTFYbk11NElMZjdMT1VPRlV0QUpSQU1HT25lbXREUjdmSzJvc1NkejBlNUROZiJ9&mrkid=68891697